Erie, PA Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Erie, PA. Based on 20+ datapoints.
Erie, PA Long-Term Rental Investment Snapshot
Based on 20+ long-term rental datapoints
Median Cap Rate
4.3%
Avg Cash on Cash
-9.9%
Median Cashflow
-$522/mo
Avg Rent Estimate
$1,909/mo
Avg Price
$280,200
Price Range
$140,000 - $510,000
Rent to Price
0.68%
low ratio
Positive Cashflow
8%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Erie, PA
Erie, PA is primarily an appreciation-driven market for long-term rental investors. Cap rates average 4.3%, typical of mid-to-upper tier markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 20+ analyzed properties, the median monthly cashflow in Erie, PA is -$522 with average rents of $1,909/month. Properties range from $140,000 to $510,000, offering entry points across multiple investment budgets.
Erie, PA Rental Market Insights
- •Median cashflow is -$522/month — careful deal selection is essential here
- •4.3% median cap rate is typical of appreciation-focused markets
- •At 8% positive cashflow rate, Erie, PA requires selective property picks
- •Mid-to-upper tier market with properties from $140,000 to $510,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs